Serabi Gold PLC - Brazilian-focused gold mining and development company - Pretax profit in the first half of 2023 doubles to $5.1 million from $2.5 million a year prior. Revenue falls 2.2% to $30.5 million from $31.2 million. However, cost of sales decrease 11% to $20.7 million from $23.3 million. Total costs contract 12% to $23.1 million from $26.2 million. Looking ahead, Serabi says: ‘The most recent plans assume that during 2023 the group will continue gold production from its Palito complex operation as well as increase production from the Coringa mine and will be able to increase gold production to exceed the levels of 2022. ’

Current stock price: 24.70 pence, closed up 9.8% on Thursday

12-month change: down 20%

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